British Music Licensing Corporation PPL paid out £48.7 million (about $61.9 million) to more than 137,000 artists and recording rights holders in its final quarterly distribution of the year – a new high for its December payout .
PPL reports that the £48.7m represents a 13% up from £43.2 million paid in December 2022. This includes collections from the use of recorded music in the UK and overseas.
PPL says this December distribution reflects the continued expansion of its international CMO partner network.
Income is newly allocated to PPL members starting from 63 different CMOs – the highest ever in a single distribution – including first payments for artists from AMANAT (Kazakhstan) and to register the rights holders of SELMI (Indonesia) and significant payments from France, Germany and the United States.
PPL now has 113 agreements with foreign counterparts, with new partnerships recently signed with RAYS (Azerbaijan) and ISAMRA (India).
More … than 12,500 Non-presenting artists from the UK and around the world also received additional copyright term extension remuneration, for recordings released between 1963 and 1971 – the ninth year PPL has administered such payments.
This fourth-quarter payment also includes revenue from PPL’s sister company, VPL, which licenses music videos when they are played in public or broadcast on television.
“Administering our highest December payout on record, especially from more of our international counterparts than ever before, is the perfect way to end 2023.”
PPL CEO Peter Leathem OBE said: “Administering our highest-ever December payout, particularly from more of our international counterparts than ever before, is the perfect way to end 2023.
“All year round, the PPL team works hard to maximize our members’ earnings and pay them what they are due for the creativity and investment they make in the music we enjoy all around us.”
Leathem added: “Knowing that we are supporting the livelihoods of thousands of people who make a living from music, especially with payment at this time of year, is a great motivator for everyone.
“I am delighted that this payment includes revenue from more OCCs than ever before – a true demonstration of the impact of our collaborative nature, our growing network of neighboring rights agreements and investment in our cutting-edge technology to process millions of rows. of data needed to pay our thousands of members for the use of their recorded music.Music Business Worldwide
